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While that Form 3 may be good news for other shareholders, it was an individual who really likes CDIX who bought more than the 10% and HAD to file... another shareholder as far as management's concerned. Not sure CEO wasn't aware, just not a matter for discussion?
Best to all with CDIX!
Been with Cardiff too long to give up now... great fundamentals, SS, management... was glad to hear Danny Thompson, who has a lot personally invested, was also sitting there with Mr. Cunningham and Mr. Roberts.
Best to all with CDIX!
My pleasure... wanted to ask a couple of questions but didn't get through and not sure I was supposed to hit or press any buttons, hmm
Best to all with CDIX!
Strange...
CDIX making a come back today... no worries here
Very best to all with CDIX!
Would have had this out sooner as I wrote while listening but had to step out elsewhere... didn't think audio/line was the best for this CC.
Looking forward to having the actual CC audio out.
Very best to all with CDIX!
Quick notes taken while listening on CC this morning:
Alex Cunningham (CEO):
Disappointed with share price
Have a plan and implementing but takes months not days... deal with third parties and their timing
Rest assured no one has inside knowledge
No plans at this time for any RS
Management compensation... aligned with market place not enriching selves to detriment of company. Gone several months without taking compensation at all... take shares but not selling and no plans to sell. In it for the long term.
Would like to maintain QB status but out of our control... no later than 11/5... if lose QB status company will have no benefit. Share price declined for a number of reasons... improper filing caused lateness and penalty from SEC. Secondly Repicci's reporting... changed auditor so don't expect that ever again.
Debt - $1.5M in debt... 2/3 paid down just under $600k In 2017 incurred $1M debt... have 211k remaining.
In 2018, $407k convert. debt currently outstanding... 61% reduction over 2017. No new convert. notes till mid-Feb 2019
Actively working with investment banking group to uplift and targeting Q2-3 next year.
Acquisitions remain fundamental ... yesterday lost out to an all cash bidder on a $22M valued acquisition
Pleased to announce acquisitions made this year are doing quite well. Red Rock = $400k for Q3 Platimum and Tax Defenders is a phenomenal acquisition for us... October $723k for Q3
495 Communications - acquisition did not materialize because couldn't bridge gap
Dealing with major acquisitions that may close in Q4 this year or Q1 next year.
Our market valuation share price continues to be a big concern... now revenue rate of $5-6M should book $3.5M in 2018 a 100% increase over 2017.
Q3 numbers will speak for themselves with Q3 - 8K filing
Cannabis acquisition - we have looked at a start up distribution company in the NE looked speculative and they're coming back with another round... looked at existing business with special lighting from the Far East, significant price advantage and growing rapidly to meet demand... 2-3 months to fill orders and want to expedite... they looked at buying a shell and we're talking to get them to join us and they're considering it.
Romeo's franchising... re-evaluating our position with Romeo's
Trying to ramp up to two acquisitions per quarter.
Very best to all with CDIX!
While most all in OTC are gambles, I like to research and be sure of a REAL and TRUE company/business with fundamentals, exceptional and committed management among other factors before 'investing' and so I got in with Cardiff in 2014 in a big way... millions don't come overnight but patience is my forte and glad to be part of CDIX!
During nearly eight years in the gutter of OTC, I've gambled and played... but then there's that 1% ... so, yes for most of the scum in the gutter 'good luck' and having a 'really good feeling' are the norm... LOL
Very best to all with CDIX!
Same here Cache... been accumulating CDIX for a few years... lol
Committed management... looking for bigger, better growth than most in OTC!
And btw, great timing on your part...
Very best to all with CDIX!
Agree... timing's everything as they say...
Best to all with CDIX!
Exactly...
Best to all with CDIX!
The Assignee of his invention is Commonwealth Scientific And Industrial Research Organisation:
https://www.csiro.au/
Not sure of the connections and relations but hoping it's the same David Lawrence McCarthy.
Timing of this information can't just be a coincidence... hmmm
Very best to all with CDIX!
This was filed about a month ago with more detail:
https://www.streetinsider.com/SEC+Filings/Form++SC+13G+++++Cardiff+Lexington+Corp+++++++++++++++++Filed+by%3A+MCCARTHY+DAVID+LAWRENCE/14666446.html
Mr. McCarthy is a Director on the board.
Looking forward to tomorrow's conf. call...
Very best to all with CDIX!
There's been no death sentence to my bank account... thanks but no need for your concern.
My loyalty is measured and up to me... again, thanks but no need for your concern.
A REVERSE SPLIT for an uplift to NASDAQ or NYSE would/could be reasonable...
I don't believe in... and it's really not a good idea for anyone to bring anyone else in...
"Gravy train"... "free promotion"... "opposite will take place now"... is of no concern to me. We all do what we want/must do.
Very best to all with CDIX!
I don't think CDIX (formerly CDIF) has ever believed in promoting its stock as that only impacts/benefits flippers and day traders... management wants longer enduring investing in its security and real growth that comes about intrinsically through bottom-line growth of a company ... Cardiff, as a public company, has fantastic fundamentals, management and other concerns that are solid so it's just a matter of time... I've been holding and INVESTED here a few years and while in the red HUGE, feel CDIX is a long term play that'll be well worth it!
I've not only bought in the open market but through private placement...
I will not blame the company... my money, my choice and decisions (period).
Very best to all with CDIX!
Amazingly, this article was just written or posted yesterday... most intriguing and the potential here could be enormous... thanks LFS!
Love it BB!
Could even work for our apps...
"You make children, we help you protect them!"
Very best to all with ONCI/HEXA!
Thanks BB but let's just see this ticker finally make a move in the right direction ... up, up and away without looking back!
Tweet:
Wondering if it came to the attention of AAA in April when the CEO may have been made aware of our Cogosense/ONCI apps:
Great work by the AAA Foundation for Traffic Safety regarding in-vehicle technology. It can be distracting you on the road. https://t.co/2AJOatMsDp pic.twitter.com/2e20XbIW6V
— Marshall Doney (@AAACEODoney) April 6, 2018
And that's at least three years ago... likely more today. Thanks to you and HAFTA for sharing!
Very best to all with DSGT!
Nice to average down here at amazing bargains... especially in a real and true business/company with a candid, hard-working CEO who aspires to create greatness ... very unique OTC.
Very best to you and all with PGUS!
FANTASTIC... this needs reposting:
The Company has received several questions from its shareholders about corporate operations and projects. Below, we offer these questions with Company responses.
This Company Blog post might contain information, which may constitute ‘forward-looking statements’ within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. ‘Forward-looking statements’ are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.
Any forward-looking information provided in this post should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained below.
The following questions from shareholders are paraphrased.
INVESTOR QUESTION:
What is the status of the bridge financing?
Reply from ProGreen:
As communicated in Form-8K disclosures filed this week, we terminated our commitment with GCP Fund (GCP), and we engaged CMN Funding (CMN) for a similar bridge loan, only slightly larger.
Of the potential lenders with which we discussed the bridge financing transaction in May, we selected GCP partly due to the firm’s purported abilities as an experienced, international hard money lender and its representation that it would to be able to close the deal in reasonably short time – as per the original commitment to close prior to July 15. With the passing of the original closing deadline, we (grudgingly) elected to allow more time for GCP to follow through toward closing the loan deal. Separately, we began looking more carefully at our alternatives.
We became increasingly concerned about further delays with each passing week and, at the end, we did not believe in the viability of this lender funding. We decided that it was in the Company’s best interest to terminate the agreement so that we could pursue an alternative funding arrangement. We requested a current LOI and term sheet from CMN with revisions that we had negotiated over the past month, and then issued the termination letter to GCP.
INVESTOR QUESTION:
What can you tell us about the status of the notes and conversions?
Reply from ProGreen:
As of the date of this filing, there have been partial conversions of the Auctus and Tangiers notes, with the first Power Up note converted in its entirety, and two-thirds of the second Power Up note converted. We have a verbal extension of the BlueHawk note, and there have been no conversions to date.
We are continuously weighing any options we may have for taking out convertible notes against our near-term needs for operating cash, as we have begun to see significant cash flow from deliveries to Huy Fong.
As previously stated, we are working with the companies that have provided us financing in order to avoid or minimize note conversions until we have secured the bridge loan, at which time, as the first priority, we plan to pay off the balance of any notes with partial conversions, if possible, as well as all other notes that are due. While we can provide no assurances, we are in regular communication with these companies as we continue in this effort.
We’ve updated the share structure on the Investors page of the website. Approximately 50M shares have been issued per the note conversions discussed here, accounting for all shares issued since the May 29, 2018 update of the web page. There were 464.37M and 413.94M shares of common stock issued and outstanding as of September 5, 2018 and May 29,2018 respectively.
INVESTOR QUESTION:
Why did we buy the new 2,500 acres land recently, rather than at a later time?
Reply from ProGreen:
We have been on the sideline ready to buy this land for the past year, as it is ideal for expansion of the farming operation. There has been a recent development where a vote of the ejido owners finally succeeded, paving the way to obtain title to the land. The owner of this parcel needed some quick money, and we saw this as a very good opportunity to purchase the land at a very good price. The alternative was to lose the land to others that are now offering 5 times what we paid, for nearby land parcels that are, in fact, not very good at all for farming.
Just a short walk from the existing Arenoso farm, this land provides an incredible opportunity to expand for large-scale production, with over 1,000 acres expected to be farmable. But we also see this land supporting sustainable living within Cielo Mar and the local region, through farm and ranch operations for cattle, dairy, poultry, pork, and a variety of fresh produce for local consumption.
INVESTOR QUESTION:
How is the farm doing this year? Are we on target for meeting expectations?
Reply from ProGreen:
There are approximately 100 acres being farmed this year, some of which have been planted more dense than before. The plants are healthy and producing very good peppers. All is going as expected, if not better, and we have now delivered 22 truckloads to Huy Fong, which is approximately 420 tons of red jalapeno peppers.
INVESTOR QUESTION:
A July press release stated that the Phase I Execution Plan for Cielo Mar was going to be presented to authorities. Did that ever happen? What is the current status?
Reply from ProGreen:
Yes, the Cielo Mar Phase I Execution Plan was presented to the authorities, and we are still on track for being able to break ground this year.
The presentation of the plan to the authorities was a major milestone for the Cielo Mar development. When approved, the land will be changed from “rustic” to “development” land, and work on the infrastructure can begin within weeks.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143390683
https://twitter.com/ProGreenUS
And I can't resist a 'penny' being on sale... lol
Very best to all with PGUS!
Amazing CDIX heading back up to .01... and then ....
GM on this beautiful Friday!
Can't believe end of summer's around the corner... make the most of your day... and
Very best to all with CDIX!
The images you create are superb... thanks for the good reads GF!
Wonder why they don't utilize their twitter account?
https://twitter.com/DSG_Golf
Very best to all with DSGT!
I hear you... same here but not concerned as the road ahead is looking bright and for me, this is an INVESTMENT, not a fly by...
Think someone's trying to get us back to a penny in a day or two... keep that QB status CDIX!
Very best to all with CDIX!
AMAZING CDIX up more than 50% right now makes me glad I picked up some more cheapies this morning... WOW hit .0043!
And nearly 50M volume speaks volumes...
The potential acquisitions could be extraordinary for the company I've been invested in for years now... I'd love to see THEM materialize and no doubt could hit .10 or much more... don't normally post like this but really can't help it since this is so real and true with the best management behind CDIX very exciting!
Has to get back to .01 to remain QB right? so wonder where this is going, even short term, hmmm
Very best to all with CDIX!
I think this is the first:
https://www.cbsnews.com/news/fda-approves-epidiolex-first-marijuana-based-drug-for-seizures/
Very best to all with UAMM!
As I've stated before elsewhere MFN... your posts are eloquent and genius in simplicity for all to understand... we have some great posters/sh who understand (even KNOW what's going on) and post solid fact-based information but SB should hire you asap for IR! Thanks buddy...
Very best to all with ONCI/HEXA!
Yes need to be realistic so here's realistic... if AutoNation is confirmed... as you say... all others are good to go as well! Just as true, real and confirmed as daylight!!!
Very best to all with ONCI/HEXA!
EXCELLENT POST... Follow #3 for you Shawn!
Wow, nice action here today!
#4 on Most Active boards ...
And twitter activity from after that great CC:
https://twitter.com/OTCWORKOUTSLLC
https://twitter.com/BASILELAWFIRM
Very best to all with DSGT!
Agree.. hit .0017 and should be more ahead...
Enjoy the weekend and
Very best to all with DGST!
Agree... especially since I got on CC at end of his presentation... encapsulated within questions...
So now I feel like I was there for the whole thing having heard his presentation on the recording, lol YEAH
Very best to all with DSGT!
What's there is really good... and since you were on, you have a sense of what was said... plus Don did a good summary earlier today...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142973725
Very best to all with DSGT!
It was after Mr. Silzer's presentation after first questions by someone (Kevin - didn't quite make out last name, he was with some group) who was apparently there with them? ... and then the receptionist/attendee asked from a caller (didn't give name) who got his questions answered... then drops off at roughly 19:38 into the CC
Good quality sound so it's too bad audio didn't register even while recording apparently kept going... THANK YOU FOR SHARING!
Very best to all with DSGT!
Good solid/factual commentary as usual Mary...
Did investors in any class action against the failed company/scam CEO ever recoup anything? TIA
Very best to all with ONCI/HEXA!
Can you please tell me why it goes silent at 19:38... although the recording looks like it went 44:56? TIA
Very best to all with DSGT!
Please name a "successful class action suit"...
Very best to all with ONCI/HEXA!
You do this well BOL, many thanks... think we've begun to turn the corner here... looking forward to the weeks ahead!
Have a great weekend and
Very best to all with CDIX!
Thanks for a concise summary Don... worth a replay... I came in a little late to the call but this is accurate and was great to hear:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142973725
CONFERENCE CALL-
CONVERSIONS DONE-
AGRICULTURAL CASE STUDY WITH PRAIRIE FARMS- went flawlessly
TWO NOTES LEFT FOR $110k and $125k WILL BE PAID IN CASH-
3 MORE CONTAINERS OF RAPTORS
2500 TOUCH SCREENS ON ORDER
$15/ MONTH SERVICE CHARGE PER SCREEN ($40k per month so far additional rev)
POSSIBLY REDEEMING PREFERRED SHARES (BUYBACK)
PROFITABLE THIS YEAR
AVERAGE GOLF COURSE ORDER IS $130-140k- we just added 25 more courses - $3.5 MILLION NEW revenue
(Note- last PR it was 19, now 25 so 6 more added in less than a week)
RS ONLY IN INTEREST OF SHAREHOLDER VALUE AND ONLY TO BE DONE WHEN TIME TO UPLIST- -MEANING NOT IN SHORT TERM AS SHAREHOLDER EQUITY ISN’T HIGH ENOUGH
RETAIL PRESENCE (PRODUCTS TO BE SOLD IN STORES)
GOVERNMENT CONTRACTING (300 courses)
BACK END FLEET MANAGEMENT
PROGRAMMATIC ADVERTISING (FREE MONEY - no overhead)
NAME OF MANUFACTURER TO BE RELEASED SHORTLY VIA PR
PHASE 2 TO BE COMPLETED WITHIN 2-4 WEEKS
MORE TRANSPARENCY-
OS OF 1.6 BILLION -
NO MORE CONVERSIONS- what’s done is done!!!!
NO MORE NOTES!!!
HIGHER REVS!!!
This is all from the horse’s mouth.
Very best to all with DSGT!